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    Chapel Rd Wetumpka, AL 36092

    Sponsored
    For Sale
    $1,600,000

    128 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 128-acre parcel presents a significant residential development opportunity in Wetumpka, Alabama. Located within city limits, this land is ideally situated just north of Montgomery, benefiting from the area's explosive growth – Elmore County ranks as the third fastest-growing in the state. The property is a future phase of the established Cotton Lakes subdivision, currently boasting 370 homes. Conveniently served by city water and sewer, the site is zoned R-3, allowing for medium-density residential development with 7,200 square foot, 50-foot-wide lots. Its proximity to downtown Wetumpka and Montgomery (a 30-minute drive) adds to its appeal. The highly-rated Wetumpka High School district (8/10 rating by GreatSchools.org) and the close proximity to Wetumpka elementary and middle schools make this an attractive location for families. New homes in the area are currently priced in the high $200,000s, indicating strong market demand. Several large homebuilders are actively operating in the area, suggesting a robust and established market for new construction. This property offers a compelling investment opportunity for developers seeking to capitalize on the thriving residential market in this rapidly growing region of Alabama. The asking price is $1,600,000. This is a rare chance to acquire a substantial tract of land with significant development potential.

    Property Features for 0 Chapel Rd

    General Information

    Property type
    Land
    Lot Size
    5,575,680 SF

    HighLights

    • 128‑acre residential development site in Wetumpka, AL.
    • R‑3 zoning allows for medium‑density residential development.
    • Minutes from downtown Wetumpka and 30 minutes north of Montgomery.
    • Excellent demographics; highly‑rated Wetumpka High School District (8/10 GreatSchools.org rating).
    • Less than one mile to Wetumpka elementary, middle, and high schools.
    • New homes in the area priced from the high $200,000s; several large homebuilders active in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.239504630001
    Latitude
    32.549248472774

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    FAQs

    What type of property is this?
    Land - 128 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at Chapel Rd Wetumpka, AL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 128-acre residential development site in Wetumpka, AL.; R-3 zoning allows for medium-density residential development.; Minutes from downtown Wetumpka and 30 minutes north of Montgomery.
    Request Owner's contact information
    Chapel Rd Wetumpka, AL 36092
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    Wetumpka, AL 36092
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Chapel Rd Wetumpka, AL 36092
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